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New ETF Targets SK Hynix AI Chip Demand
15 Jul
Summary
- New ETF offers 200% daily leverage on SK Hynix ADRs.
- SK Hynix is a key supplier of HBM memory for AI accelerators.
- This launch expands Direxion's semiconductor ETF offerings.
On July 15, 2026, Direxion introduced the Direxion Daily SK Hynix Bull 2X ETF (SKHL), aiming to provide investors with 200% of the daily performance of SK hynix's American depositary receipts. This move leverages SK hynix's significant role in the AI hardware supply chain.
SK hynix is recognized as a primary supplier of High Bandwidth Memory (HBM), a crucial component for AI accelerators utilized by major chipmakers like Nvidia and AMD. As the demand for AI computing power escalates, SK hynix is positioned to capitalize on the expansion of AI data center infrastructure.
This new fund enhances Direxion's existing lineup of semiconductor ETFs, which includes popular leveraged and inverse products. The introduction of SKHL underscores Direxion's commitment to providing tactical trading tools for the semiconductor sector, particularly for investors focused on the burgeoning AI market.
